If crypto isn't a safe haven play in case things start falling apart then what i

Sign up, and CougarBoard will remember which categories you want to view. Sign up

Report problem with this ad

Apr 19, 2024
7:10:14am

maYbe Redshirt Freshman

If crypto isn't a safe haven play in case things start falling apart then what i

it's value proposition. I keep thinking I should look at investing in bitcoin but can never get there.

Interestingly, crypto has not been trading like a safe haven asset this year.

Rather, it has been a direct indication of market risk appetite.

Is #crypto no longer considered a safe haven investment?

Follow us @KobeissiLetter for real time analysis as this develops.
— The Kobeissi Letter (@KobeissiLetter) April 19, 2024

https://twitter.com/KobeissiLetter/status/1781150876440113211

Report problem with this ad

maYbe

Bio page: maYbe
Joined: Oct 3, 2023
Last login: May 2, 2024
Total posts: 126 (0 FO)

Report problem with this ad

Messages

Author

Time

If crypto isn't a safe haven play in case things start falling apart then what i

maYbe

Apr 19, 7:10am

Don’t look at weeks - look at years.

Swish

Apr 19, 7:13am

Crypto has always been volitile short term. BTC is a longterm safe haven from

dave

Apr 19, 7:14am

BTC lost almost 65% of it's value in ~1 year. I wouldn't look at it as a hedge

txblue

Apr 19, 7:28am

It is a risk on asset dependent on liquidity, but can be long-term hedge

Dr T-bone

Apr 19, 7:56am

So basically just digital gold. Although gold has other uses too.

maYbe

Apr 19, 8:16am

Correct, though it has digital advantages over gold

Dr T-bone

Apr 19, 8:53am

Based on that over a 5 to 10 year period I would expect crypto to

maYbe

Apr 19, 11:29am

It is a volatile gambling mechanism plus a way for bad actor / shadow

ray ray

Apr 19, 8:15am

It is a traceable permanent ledger. Perfect for those trying hide transactions.

dave

Apr 19, 9:45am

Are you really trying to argue that crypto doesn’t currently facilitate criminal

ray ray

Apr 19, 10:08am

I am saying... Link addresses to people and case closed. Cash is better.

dave

Apr 19, 4:07pm

So it’s the U.S. dollar?

Longseason

Apr 19, 10:27am

Oh no, it’s crashed up 100% since this time last year

Longseason

Apr 19, 10:27am

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad